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Kazakhstan president highlights importance of visit to China

Kazakh President Nursultan Nazarbayev stressed the importance of the visit to China, Akorda reported on May 20. The agreements were reached in various fields as part of this visit.

He stressed the signing of some documents in the presence of the presidents. They envisage the establishment of joint ventures, as well as in manufacturing industry.

"China will help us to implement the glyphosate production project in Taraz through its investments," President Nazarbayev was quoted by Akorda as saying. "The oil and gas pipe production plant is planned to be constructed in the Almaty region. The thermal power station construction was also thoroughly considered in Turgay coal deposit, Kostanai region. An innovative company processing coal and producing gas, petrol, diesel fuel and carbamide will work in Karaganda. The planned nitrogen fertilizer production in Aktobe and Mangistau regions is also science and capital intensive. China will participate in the reconstruction of the Shymkent refinery. Moreover, we will work to increase the oil and gas supply from Kazakhstan."

The president also highlighted the importance of opening a Kazakh terminal in the Pacific port of Lianyungang.

"The containers will be transported through China and Kazakhstan to Europe," the president said. "The initial terminal capacity will make up to 3 million tons per year with twofold increase in the future. Thus, our country's transit potential will be fully used."

President Nazarbayev stressed that the total amount of Chinese investments, to be made in Kazakhstan, exceeds $ 10 billion.

"The industrial-innovative development program will be supported by China," the president said. "All new projects will strengthen the economy of Kazakhstan and improve the welfare of our people."